Francois Rochon - Giverny Capital Portfolio (Q2 2026)

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Giverny Capital, Francois Rochon, has built a diversified portfolio of 50 publicly traded holdings with a total market value of $2.97B, according to the SEC 13F filed on Aug 14, 2026 (holdings as of quarter-end Jun 30, 2026). This analysis examines that filing to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a diversified approach to stock selection, with the top holding representing 7.2% of the total portfolio value. The top 5 holdings account for 29.4% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

50
Total Holdings
$3.0B
Portfolio Value
Jun 30, 2026
Latest Filing
7.2%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in ALPHABET INC C (GOOG) represents 7.2% of the total portfolio, valued at $213.9M.

Rank Symbol Company Value Portfolio % Change
1 GOOG ALPHABET INC C $213.9M 7.2% -2.5%
2 HEI-A HEICO CORP NEW $189.6M 6.4% -0.4%
3 META META PLATFORMS INC $170.6M 5.7% -1.6%
4 SCHW SCHWAB CHARLES CORP $155.2M 5.2% +9.5%
5 ADP AUTOMATIC DATA PROC INC $146.6M 4.9% +56.2%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 164 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
BKNG Booking Holdings Inc. Common St +501,547 Jun 30, 2026 BUY
NYT New York Times Company (The) +484,424 Jun 30, 2026 BUY
BFAM Bright Horizons Family Solution +338,464 Jun 30, 2026 BUY
ADP Automatic Data Processing, Inc. +235,466 Jun 30, 2026 BUY
KEYS Keysight Technologies Inc. -180,112 Jun 30, 2026 SELL
MSA MSA Safety Incorporated +166,305 Jun 30, 2026 BUY
RMD ResMed Inc. +157,660 Jun 30, 2026 BUY
SCHW Charles Schwab Corporation (The +145,361 Jun 30, 2026 BUY
BRK-B Berkshire Hathaway Inc. New -130,178 Jun 30, 2026 SELL
87318A101 TWFG +100,345 Jun 30, 2026 BUY

Investment Strategy Insights

Giverny Capital's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a diversified investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in ALPHABET INC C (GOOG) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 2.5% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 164 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 50 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Giverny Capital's portfolio as of Jun 30, 2026 reflects a strategic approach to equity investing with 50 holdings valued at $3.0B. The concentrated position in ALPHABET INC C and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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